The BIG Picture21 Apr 2019 00:38
Apologies if this is old news to longstanding members of this BB, but hopefully some, old and new, investors will be interested. Feedback welcome!
I've been reading articles on the International Energy Agency and World Bank websites which have really highlighted for me the scale of the problem that BE is contributing to solving. The most striking is the fact that 600 million people in sub-Saharan Africa have no access to electricity.
The transformation to the lives of individuals, communities and nations who gain access goes without saying, it's simply life-changing on all levels. It's why the big global development agencies are pouring money into projects and planning. According to the IEA it's not enough money to hit their own 2030 targets 'Providing electricity for all by 2030 would require annual investment of $52 billion per year, more than twice the level mobilised under current and planned policies (as of 2017)' nevertheless it's still serious money.
So considering that some of the least electrified countries are on SA's doorstep it's not too far-fetched to imagine that if BE can prove themselves expert at helping solve SA's energy difficulties they'll be strong contenders to take on the far larger problems over the border.
Obviously if this new supply is going to be from fossil fuels over a conventional grid we don't benefit, but everything I'm reading points towards green energy at point of consumption being a big part of the solution, as highlighted below:
The IEA's Energy and the Sustainable Development Goals aim is that by 2030, renewable energy sources will power over 60% of new access, and off-grid and mini-grid systems provide the means for almost half of new access.
And:
“Leapfrogging over the traditional stages of national grid-based electrification will require a combination of different systems to answer diverse needs,” said Punam Chuhan-Pole, World Bank lead economist and lead author of the Africa’s Pulse. “Leveraging the private sector will be critical to scaling-up electrification.”
Some links for those who'd like to read for themselves:
https://www.iea.org/sdg/electricity/
https://www.iea.org/access2017/
https://www.iea.org/access20/
DYOR GLALTHs and goodnight!
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